Hero MotoCorp's financial arm Hero FinCorp is reportedly looking to enter into non-life insurance business and acquire a major stake in an existing general insurance company. The two-wheeler maker's financial arm had been in talks with Future Generali - a joint venture between Future group and Italy’s Generali group. However, the deal did not materialise due to mismatch in valuation.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
